Guideline Value for BALAJI KCB GARDEN PHASE-II

Balaji Kcb Garden Phase-II guideline value

The current guideline value of Balaji Kcb Garden Phase-II is Rs 330 per sq.ft. This property is located in Peedampalli village, under the Singanallur SRO, and is classified as Residential Special Type - II.

How the guideline value of Balaji Kcb Garden Phase-II has changed

The guideline value for Balaji Kcb Garden Phase-II has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 330 per sq.ft, an increase from Rs 201 per sq.ft in 2023. Notably, there was no change in the value from 2017 to 2023, where it remained at Rs 201 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, the guideline value has increased by 64%. This reflects the change from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, demonstrating a significant rise in the guideline value over this period.

Guideline values in Peedampalli

In Peedampalli, there are 156 streets under the Singanallur SRO with a 2024 guideline value ranging from Rs 110 to Rs 1,050 per sq.ft. The median guideline value in this area is Rs 165 per sq.ft, placing Balaji Kcb Garden Phase-II above the median at Rs 330 per sq.ft.

• Balaji Kcb Garden Phase-I: Rs 330 per sq.ft (2024)
• Balagi nagar: Rs 220 per sq.ft (2024)
• Baa Avenue: Rs 330 per sq.ft (2024)
• Ayothiyapuram Janaki Nagar: Rs 165 per sq.ft (2024)
• Ayothiapuram Lakshmanan Nagar: Rs 165 per sq.ft (2024)
• Ayothiapuram Bharathan Nagar Extension: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Kcb Garden Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees together to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Balaji Kcb Garden Phase-II?

The Sub Registrar Office that covers Balaji Kcb Garden Phase-II is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Peedampalli

The guideline value is a crucial factor during the registration of property transactions in Peedampalli. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the official value of the property. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Balaji Kcb Garden Phase-II?

The current guideline value of Balaji Kcb Garden Phase-II is Rs 330 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 201 per sq.ft in 2023 to Rs 330 per sq.ft in 2024, marking a 64% rise. From 2017 to 2024, the overall increase is also 64%.

What is the land classification of Balaji Kcb Garden Phase-II?

Balaji Kcb Garden Phase-II is classified as Residential Special Type - II, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for a property in Balaji Kcb Garden Phase-II?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700. These fees are based on the guideline value.

Where can I find the Sub Registrar Office for Balaji Kcb Garden Phase-II?

The Singanallur Sub Registrar Office covers Balaji Kcb Garden Phase-II, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.